Higher gold price needed to sustain mining – Gold Fields

Gold will need a higher price to sustain mine production, says Gold Fields CEO Nick Holland. Announcing lower net group March quarter earnings of R2 082-million ($268-million) compared with higher December quarter earnings of R2 605-million...

Gold Fields targets Canada JV opportunities

Gold major Gold Fields on Tuesday further displayed its strategic ambition to expand into Canada by entering into another option and joint venture (JV) agreement, this time with TSX-V-listed Bear Lake Gold. Spokesperson Sven Lunsche said Canada...

Gold Fields says committed to Mali despite unrest

The CEO of Gold Fields, the world's No. 4 gold producer, said on Monday his company wanted to continue its exploration activities in Mali, where a military coup last week prompted the miner to suspend drilling operations. "We'll have to see what...

Gold Fields secures 40% stake in Philippines project

The world’s fourth largest bullion producer, Gold Fields, has exercised its 40% option in the undeveloped gold/copper Far Southeast project in the Philippines, the miner said on Thursday. The Johannesburg- and New York-listed firm acquired the...

Major gold miner making progress with diversification strategy

South Africa-based miner Gold Fields has established a strong growth portfolio over the next five years to increase its current gold production base of 3.5-million ounces a year, CEO Nick Holland said at the Investing in Africa Mining Indaba in...

Resources Watch

This week: Power and labour costs make South Africa an expensive mining destination. Tenova will give Bateman a wider market presence in Chile and Australia. And, mines are doing far too little in safety-critical testing.

Power, labour costs making SA an expensive mining destination

South Africa is one of the most expensive countries for gold mining, with the cost per ounce of gold produced averaging at $968, Gold Fields CEO Nick Holland said on Friday, delivering the miner’s financial results for the 2011 financial year....

Company Announcement: Mining CEOs put sustainability on the corporate agenda

Today, ICMM co-hosted its second annual CEO session at Investing in African Mining Indaba to discuss the common sustainability challenges the industry faces.

Gold Fields making progress with diversification strategy

South Africa-based miner Gold Fields has established a strong growth portfolio over the next five years to increase its current gold production base of 3.5-million ounces a year, CEO Nick Holland said at the Investing in Africa Mining Indaba in...

Mining Indaba Schedule

Sustainable development takes centre stage at indaba

Devising a successful business strategy by addressing the environmental and social challenges faced by mining companies will be one of the main focus points for this year’s Investing in African Mining Indaba’s sustainable development segment.

West Rand ‘Ergo’ on cards as Gold Fields, Gold One mull gold/uranium JV

“It’s potentially another Ergo”, is how Gold One CEO Neal Froneman describes the Gold Fields/Gold One plan to combine and reprocess their West Rand surface deposits. The aim of the proposed joint venture (JV) will be to recover a potential...